Stocks To Buy: HDFC Securities Optimistic On 2 Stocks, Expects Returns Up To 22%

HDFC Securities has picked 2 stocks to buy for double digit returns in a period of 1 year. If you buy the two stocks now, you can expect to receive a maximum potential return of up to 22%. The stocks are DLF Ltd and CreditAccess Grameen Ltd. Check key takeaways below:

1. DLF Ltd

HDFC Securities has assigned buy call to DLF Ltd with a target price of Rs 450 and a potential return of 22% in a target time period of 1-year. The large cap company has a market capitalisation of 91,710.30 crore. The stock's 52-week high is Rs 444 apiece and 52-week low is Rs 294 apiece, respectively.

The stock has given multibagger returns to investors with 5-years returns of 102% and 3-years return of 103%. The stock has declined 8% in 1-year. The large cap company came into existence in 1963 and operates in Real Estate sector.

DLF started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. DLF is one of the largest publicly listed real estate companies in India, with residential, commercial, and retail properties in 15 states and 24 cities, according to its official website.

2. CreditAccess Grameen Ltd

HDFC Securities has given buy rating to CreditAccess with a target price of Rs 974 apiece and a potential return of up to 16%. The analyst has given a target time of 1 year when the stock will reach its specified target price.

The current market price of CreditAccess is Rs 974 apiece with a 52-week high at Rs 1154 apiece and 52-week low at Rs 495 apiece, respectively. The mid-cap company has a market capitalisation of Rs 15,148 crore. The stock has given a return of 50% in last 3-years and 54% in last 1-year. It has gained 3% in last 1 week.

The mid cap company operates in NBFC sector and came into existence in 1991. CreditAccess Grameen provides a wide range of products, designed in keeping various life cycle needs of its customers such as income generation, health care, education, festival celebration, home improvement, water, and sanitation, according to its official website.

Disclaimer

The stocks have been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.